Life Insurance
It is important to ensure you have House Insurance and Life Insurance when you buy a home. For most people, this is the single biggest asset they own so it makes sense to protect your wealth.
When most people obtain a mortgage through a financial institution, they also purchase life insurance through the same lender to protect this debt. What most people do not realize is that the coverage they have just purchased offers very little in terms of flexibility.
Mortgage Insurance offered by your bank may be convenient, but an individual insurance policy will provide you with superior coverage and value over the term of your mortgage. The cost of personal insurance is typically less expensive than the lenders alternative product and it also provides you many benefits including:
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Fully guaranteed premiums and level coverage that cannot be changed by the insurer
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Coverage is fully portable - stays in place if you change homes or mortgage lenders
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Benefits are paid directly to your named beneficiary, tax free, for their use as needed
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Coverage is convertible to permanent coverage without medical requirements
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Depending on your health, you may qualify for preferred rates
If you would like to have a FREE quote please contact us anytime!
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